• 9863020202    
  • contact@financeseva.in

Pre Shipment Credit Fx

Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month) Chances of Loan Approval
5% 0.25% 1000 12
5.10% 0.25% 1500 12
5.25% 0.25% 1500 12
5.15% 0.25% 1000 12
5% 0.25% 1500 12
5.35% 0.25% 1500 12
5.10% 0.25% 1000 12
5.20% 0.25% 1000 12
5.25% 0.25% 1500 12
5.30% 0.25% 1000 12
5% 0.25% 1500 12
5.25% 0.25% 1500 12
4.75% 0.50% 1500 12
4.80% 0.50% 1000 12
4.75% 0.50% 1000 12
4.80% 0.50% 1000 12
4.80% 0.50% 1500 12
4.90% 0.50% 1000 12
4.85% 0.50% 1500 12
4.75% 0.50% 1500 12
4.75% 0.50% 1000 12
4.85% 0.50% 1000 12
4.80% 0.50% 1000 12
4.90% 0.50% 1000 12
4.85% 0.50% 1500 12
4.75% 0.50% 1500 12
4.80% 0.50% 1000 12
Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs
₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Pre shipment credit FX Eligibility Criteria?

Pre-shipment facility allow you to get fund for expanding export growth just through the aid of trade receivable. It works as a working capital assistance for the purpose to procure raw material, processing & manufacturing of goods quality until the shipment takes place.

Pre-shipment finance Eligibility Criteria

Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness ...etc.

Eligibility Criteria

  • • Age Limit of Individuals - 25 to 65 years
  • • Merchant exporters
  • • Manufacturer exporters
  • • This facility only availed by those exporters who has order on his own name
  • • Some institutions fund for third party manufacturers who don’t have export on their own name
  • • Exporter should not be in the caution list of Reserve Bank of India (RBI).

What are the factors generally affecting Pre shipment credit FX Eligibility Criteria?

There are top factors that generally affects pre-shipment finance eligibility criteria as given below: -

Not being an Exporter: - Pre-shipment facility only can be obtained if you meet the mandatory requirements of being a exporter. Therefore, being not an exporter, you fail to meet the criteria.

Exporter should not be in the caution list of RBI: - An exporter would be caution- listed by the Reserve Bank based on the recommendations of the AD bank concerned, depending upon the exporters track record with the AD bank and investigative agencies. The AD bank would make recommendations in this regard to the Regional Office concerned of the Foreign Exchange Department of the Reserve Bank in case the exporter has come to the adverse notice of the Enforcement Directorate (ED) / Central Bureau of Investigation (CBI) / Directorate of Revenue Intelligence (DRI) /any such other law enforcement agency and/or the exporter is not traceable and/or is not making sincere efforts to realise the export proceeds.

What are the ways to increase Pre shipment credit eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Open account with preferred lenders: - This considered to be the best way to increase eligibility, by opening a bank account with your preferred lender 1 year earlier of availing loan will build trust to lender & a good financial history help them to know your creditworthiness.

Must hold Import & Export code no: - For any person doing import & export needs to get IEC Code on mandatory basis. As if you already owned it, then it shows how legally you are following the protocol & even enhances your eligibility strength to get finance.

Documents Required

INDIVIDUAL
  1. PHOTOGRAPHS 2

  2. PAN CARD COPY

  3. AADHAR CARD + PASSPORT

  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF

  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE

  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT

  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)

  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS

  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK

  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

PROP FIRM
  1. PHOTOGRAPH BOTH

  2. PAN CARD CLEAR COPY PROPRIETOR

  3. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR

  4. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)

  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY

  6. LAST 1 YEAR GST RETURN COPY

  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE

  8. PROVISIONAL FINANCIAL AY 2019-20

  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)

  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)

  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED

  12. AGREEMENT TO SELL COPY

  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP

PARTNERSHIP FIRM
  1. PHOTOGRAPH PARTNERS

  2. PAN CARD - COMPANY, ALL PARTNERS

  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)

  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL

  5. PARTNERSHIP DEED COPY

  6. GST CERTIFICATE

  7. GST RETURN LAST 1 YEARS

  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED

  9. PROVISIONAL FINANCIAL AY 2019-20

  10. 3 YEAR ALL PARTNER INDIVIDUALS ITR + COMPUTATION

  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED

  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH

  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED

  14. AGREEMENT TO SELL COPY

  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP

PVT.LTD
  1. ALL DIRECTORS PHOTOGRAPH

  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.

  3. ALL DIRECTORS PHOTOGRAPH

  4. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS

  5. ADDRESS PROOF – COMPANY AND DIRECTORS

  6. LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE

  7. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)

  8. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE

  9. 1 YEAR GST RETURNS

  10. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS

  11. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE

  12. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR

  13. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED

  14. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH

  15. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED

  16. AGREEMENT TO SELL COPY

  17. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

FAQs

Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.

When I have to repay Pre Shipment Credit Fx fund?

+

You have to repay Pre Shipment Credit fund over 6month.

How can I get Pre Shipment Credit Fx funds?

+

Pre Shipment Credit Loan you can take from Private or Government.

What are the documents required for Pre Shipment Credit Fx funds?

+

Some document required for Pre Shipment Credit: -

  • Packing list
  •  Invoice
  • Performa invoice
  • Shipper's Letter of Instruction
  • Certificate of origin

What Is the Rate of Interest on Pre Shipment Credit Fx funds?

+

The Rate of Interest on Pre Shipment Credit is 0.75%.

What is Pre Shipment Credit Fx?

+

Pre Shipment means loan provided by the banks to an exporter for financing the purchase, processing, manufacturing or packing of goods before shipment at fair rate.

Who is Eligible for Pre Shipment Credit Fx?

+

  • Your age should be- 25 to 65 years
  • Merchant exporters
  • Manufacturer exporters
  • This facility only availed by those exporters who has order on his own name
  • Some institutions fund for third party manufacturers who don’t have export on their own name.

Related Topics

Personal Need Loan Products

credit-report
business Credit Report
Improve Credit Report
Get Financial Statement

Join our Network of Happy Customer